News Snapshot:
With the Fed debating whether to keep talking about tapering or finally do something about it - even if that something means injecting another trillion of liquidity into the economy by the end of 2022 while nipping and tucking $10 billion per month here and there - China is starting to move in the other direction. With China's economy rapidly cooling, as the latest sharp drop the Caixin Services PMI demonstrated , after badly missing consensus expectations and poised on the edge of contraction... ... a move which was predicted here months ago when we discussed the collapse in China's...
